SPI Energy sells 15 MW solar park to Blackrock fund

SPI Energy Co has recently announced that its wholly-owned subsidiary, SPI China (HK) Limited, has closed a transaction to sell the entire issued share capital of Solar Park Developments 2 Ltd to the BlackRock Renewable Income UK Fund.

Solar Park Developments 2 Ltd holds the Hall Farm solar power project in the United Kingdom with a rated capacity of approximately 15 MW.

Located in Tasburgh, Norwich, the Hall Farm solar project commenced construction in the first quarter of 2015 and was connected to the grid in August 2015.

The project is eligible to receive Renewables Obligation Certificates (ROCs) at 1.3 ROCs/MWh for 20 years under the UK's Renewables Obligation scheme.

Xiaofeng Peng, Chairman of SPI Energy, said:

"We are delighted to partner with BlackRock again on our third UK transaction during the past year. BlackRock is one of the leading global infrastructure investors and this deal is a testament to SPI Energy's proven track record of delivering high quality solar power projects in the UK and worldwide."

As we reported in July 2015, SPI Energy also sold entire stake in other two plants to BlackRock Renewable Income UK Fund managed by BlackRock.

The 9.5 MW Grange farm solar plant located in the east of England, Lincolnshire, the photovoltaic plant was connected to the UK's national grid in March 2015. 

The 6.24 MW Gelliwern farm located in South Wales, commenced construction in the first quarter of 2015 and was connected to the grid in March 2015.